“It won’t be long” before Tesla’s stationary energy storage business is shipping 100GWh a year, CEO Elon Musk has claimed.

UK battery energy storage system (BESS) investment fund Gresham House Energy Storage Fund has announced its half-year results to the end of June 2024.

Harmony Energy Income Trust (HEIT) expects to receive offers for battery storage assets in its UK portfolio by the end of September.

Executives at US flow battery manufacturer ESS Inc. have said the company will be able to continue into 2025 and reach a gigawatt-hour of annual production capacity next year.

Executives from battery energy storage system (BESS) integrator Fluence discussed the company’s recent third quarter results in an earnings call with analysts.

Energy storage technology firms Eos and Energy Vault have both released their Q2 results, with contrasting figures but both still having a long way to go to scale up and reach profitability.

Battery energy storage system (BESS) integrator Fluence had a mixed third financial quarter, with a revenue fall and a narrowing down of its full-year guidance, but a record quarterly intake and increased profit margins.

US system integrator Stem Inc has seen its share price fall by over 40% after its financial results for the second quarter of the year, which saw falling sales, bookings and a huge net loss.

Revenues for the energy storage arm of NHOA Group fell in the first half of 2024 because of the market-wide fall in the price of BESS.

Tesla more than doubled its ‘all-time-high’ quarterly deployment numbers for energy storage in the second quarter of this year.